Horseshoe Bay Market Report, August 2026: Values Drift Lower, Buyers Keep Room
Horseshoe Bay's typical home value slipped to about $706K in July 2026, down 4.3% year over year, while the median listing sat 97 days and 17.1% of listings took price cuts. Lake LBJ held at 97.3% full as Lake Travis rose to 100%.
Typical value down 4.3% YoY
Zillow's Horseshoe Bay home value index was about $706K at the end of July 2026.
97-day median time on market
The median ZIP 78657 listing sat 97 days in July, about 12.3% fewer than a year earlier.
17.1% of listings cut price
The price-cut share was up 0.4 points year over year, a steady sign of seller flexibility.
New listings up 26.1%
58 new listings reached the market in July while total active inventory slipped 1.1%.
Lake LBJ steady at 97.3%
Lake LBJ held near full pool on July 31 while Lake Travis climbed from 85.5% to 100% during July.
Short answer: buyers held the leverage in Horseshoe Bay in July 2026, and values kept drifting lower. Zillow's typical home value for the city was about $706K at the end of July, down 4.3% year over year. The median list price in ZIP 78657 was about $753K, down 1.8%, per Realtor.com.
Listings moved a little faster than a year ago, but not fast. The median Horseshoe Bay listing spent 97 days on market in July, about 12.3% fewer than in July 2025. Of 444 active listings, 17.1% had taken a price cut, up 0.4 points from a year earlier.
New supply picked up. 58 new listings came to market in the ZIP in July, up 26.1% year over year, while total active inventory was down 1.1%.
Countywide sales were busier, at lower prices. Across Llano County, 59 homes closed through the MLS in July, up 20.4% from July 2025, at a median sale price of $370K, down 34.5%. The county had 14.9 months of inventory, per the Texas A&M Real Estate Research Center. These are county figures, not Horseshoe Bay alone, and a county median in a thin market can swing sharply with the mix of homes that close in a given month.
A note on continuity. Last month's report used Prop:Metrics and Texcella snapshots: a $639K median value, 72 days on market and about 20% of listings with price cuts. This report uses month-specific Realtor.com, Zillow and Texas A&M data for July, so the figures are not directly comparable. The thesis holds: buyers have room to negotiate.
The lake is still the steadiest number. Lake LBJ read 97.3% of its conservation pool on July 31, 2026, about 824.5 feet, against 97.8% a year earlier. Lake Travis, a storage reservoir, climbed from 85.5% to 100% full over the same month. On a constant-level lake the waterline in front of a dock stays predictable, and that is the structural difference for a waterfront shopper comparing the two lakes.
Read with care. Horseshoe Bay is a thin resort market, and a handful of large waterfront listings or closings can move a monthly median several percent.
Horseshoe Bay as of August 3, 2026
These figures are frozen at publication. The Horseshoe Bay guide carries the current month's numbers.
Every number, and where it came from.
Zillow's typical home value for Horseshoe Bay was $705,528 as of July 31, 2026, against $737,238 a year earlier, a 4.3% decline.
files.zillowstatic.com ↗In July 2026, ZIP 78657 had a median list price of $752,625 (down 1.79% year over year), 444 active listings (down 1.1%), a median 97 days on market (down 12.3%), 58 new listings (up 26.1%) and a 17.1% price-reduced share (up 0.4 points).
econdata.s3-us-west-2.amazonaws.com ↗Llano County had 59 MLS closed sales in July 2026, up 20.41% year over year, at a median close price of $370,000 (down 34.51%), with 14.9 months of inventory.
trerc.tamu.edu ↗Lake LBJ was at 824.53 feet and 97.3% full on July 31, 2026, against 97.8% on July 31, 2025.
waterdatafortexas.org ↗Lake Travis rose from 85.5% full on July 1, 2026 to 100.0% full at 681.08 feet on July 31, 2026.
waterdatafortexas.org ↗The previous (2026-07) report cited a $639K median home value, 72 days on market and roughly 20% of listings with price cuts for ZIP 78657.
prop-metrics.com ↗
All figures are for July 2026. Median list price, days on market, new listings and price-cut share are ZIP 78657 figures from Realtor.com's monthly inventory data for July 2026, released August 3, 2026. Typical home value is the Zillow Home Value Index for the city of Horseshoe Bay as of July 31, 2026. Closed sales are Llano County MLS figures for July 2026 from the Texas A&M Real Estate Research Center, countywide rather than Horseshoe Bay alone. Lake level is from Water Data for Texas (LCRA gauge data) on July 31, 2026. The previous report (cycle 2026-07) used Prop:Metrics and Texcella listing snapshots, so its medians and days on market are not directly comparable. No July 2026 price-band breakdown was available: the price distribution is copied from the 2026-09 report, a count of 390 active house, condo and townhouse listings on Redfin's Horseshoe Bay search on September 28, 2026, grouped by list price, with vacant lots excluded.
